Malaysian internal and external auditor perceptions of the effectiveness of red flags for detecting fraud
by Glen D. Moyes; Randall Young; Hesri Faizal Mohamed Din
International Journal of Auditing Technology (IJAUDIT), Vol. 1, No. 1, 2013

Abstract: The purpose of this study is to examine effectiveness of US Statement of Auditing Standard (SAS) No. 99 red flags in detecting fraud as perceived by both the Malaysian internal auditors and external auditors. SAS No. 99 and International Standards on Auditing require external auditors to use red flags in detecting fraudulent financial reporting activities, while conducting financial statement audits. Questionnaires were completed by 52 Malaysian internal auditors and 40 Malaysian external auditors. Statistical analysis determines that Malaysian external and internal auditors perceive each of the 59 red flags as perceiving different levels of effectiveness in detecting fraudulent financial reporting activities. In addition, significant differences were found to exist between Malaysian external auditors and Malaysian internal auditors concerning the fraud detecting effectiveness of 12 red flags.

Online publication date: Thu, 21-Feb-2013

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Auditing Technology (IJAUDIT):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email